Since CyberCube became a standalone company in 2018, we have remained committed to building a dynamic organization that delivers the world’s leading cyber risk analytics for the insurance industry. Today, we are making changes to our organizational structure and leadership team designed to strengthen that mission and position us for the long term.
Over the past eight years, the cyber insurance landscape has transformed dramatically from a niche specialty line into a global market, and cyber has become one of the most critical insurance purchases organizations make. CyberCube has transformed alongside it. What began as a small San Francisco-based start-up serving a handful of clients has become a global market leader with offices in five locations and solutions used by roughly two-thirds of the cyber insurance market by premium. Our product portfolio has expanded to support the full cyber insurance value chain from broker distribution and underwriting analytics to accumulation management. Throughout this evolution, delivering exceptional outcomes for our clients has been our guiding principle and central to our success.
Our recent $180MM capital raise represents a significant step forward in our commitment to building an enduring organization that will continue supporting our insurance partners well into the 2030s and beyond. It has also provided an opportunity to reassess the structure and leadership team needed to guide CyberCube through its next chapter of growth.
Today, we are rolling out a variety of leadership changes designed to elevate the importance of analytics across the company; accelerate innovation, particularly in data; and strengthen the delivery of outcomes to our various end client segments. These changes will position us for the next chapter to meet the growing and shifting needs of the cyber insurance market.
While our organizational structure is evolving, our commitment to supporting clients with the world’s leading cyber insurance analytics remains unchanged, and our appetite to invest long-term to support this market has never been stronger.
- Pascal Millaire
CEO
